Global Talent #11
What’s Stressing Two-Thirds of Frontline Managers and How Mixed Reality Will Transform Remote Work
Why Are Two-Thirds Of Frontline Managers On The Verge Of Burnout Before The Holiday Rush Even Begins?
HRO Today | October 17, 2024
The holiday hiring crunch is hitting retail and hospitality managers harder than ever in 2024, and the talent pool isn't making things any easier. A fresh survey of frontline managers tells a stark story: nearly half are desperately seeking more seasonal workers, but what they're finding in the applicant pool is raising eyebrows. An alarming 61% of managers say they're seeing less qualified candidates walking through their doors – think lower skill sets, shakier professionalism, and thinner resumes. It's not for lack of trying. Companies are pulling out all the stops – dangling higher salaries, promising safer workplaces, and beefing up training programs. But here's the real kicker: the managers themselves are burning out. 83% are now handling staffing needs, up from 64% in 2023. From keeping service consistent to managing increasingly volatile customers, frontline leaders are fighting an uphill battle.
How Is The Shift From Talent Acquisition To Talent Access Reshaping Modern Workforce Strategy?
Rose Freeman | Consultancy-me.com | July 29, 2024
Organizations are fundamentally shifting from traditional talent acquisition to a more dynamic ‘talent access’ model, reflecting the challenges of economic uncertainty and growing skill gaps in 2024. This strategic pivot emphasizes internal mobility, focusing on identifying and developing existing employees rather than solely recruiting externally. Companies implementing talent access strategies gain multiple advantages: reduced fixed costs associated with permanent workforce management, increased organizational flexibility, and access to specialized skills on demand. Research from the American Psychological Association highlights that lack of growth opportunities remains a primary driver of employee turnover. Organizations that fail to embrace talent access risk losing their competitive edge and struggling to attract top talent.
How Will the Presidential Election's Impact on Immigration Policy Reshape America's Available Talent Pool in 2025?
Craig Johnson | Staffing Industry Analysts | October 16, 2024
The upcoming U.S. presidential election will significantly impact the recruitment landscape in 2025, with major implications for labor markets, immigration policies, and wage growth. An analysis outlines four potential scenarios, with the most likely (45% probability) being a Harris victory alongside Republican-controlled or split Congress, suggesting neutral impacts on labor metrics. A full Republican mandate (30% probability) could trigger significant labor supply challenges through stricter immigration policies, while potentially driving wage inflation. A Trump victory with Democratic/split Congress (20% probability) might lead to economic headwinds through tariffs while maintaining status quo on most labor policies. The least likely scenario (5%) of a Democratic sweep could boost labor supply through progressive immigration and childcare policies. According to experts, the key factors influencing recruiting include potential new tariffs, deportation policies, and the looming expiration of the 2017 tax cuts in 2025.
Will Advanced Mixed Reality Tech Transform the Way We Think About Remote Work Collaboration?
Wise Decision Maker Show | October 17, 2024
An interesting podcast about how remote interactions fare in comparison to in-person meetings and what technology can do to enrich human collaboration. Paul Powers, CEO of Physna, a 3D technology company, argues why the current state of technology cannot fully replace in-office interactions, especially creative group discussion sessions where it’s hard for participants to constantly focus on a screen for an extended time. On the contrary, he thinks remote settings have distinctive advantages, including making frequent meetings easier and enhancing collaboration without a sense of urgency disrupting day-to-day work. ‘Virtual watercoolers,’ where employees share what’s on their mind in small online groups on Slack or Microsoft Teams, offer unique practical advantages. Powers emphasizes how it’s important for companies to get the absolute best talent, irrespective of their geographical location. He also mentions how VR, AR, and MR (mixed reality) can help integrate asynchronous work environments into in-office settings.
What Are The Hidden Risks Of Over-Relying On Artificial Intelligence In The Hiring Process?
Adam Charlson | FastCompany | October 14, 2024
While AI continues to transform business operations, its role in hiring remains a complementary tool rather than a complete solution. According to recent data, 64% of HR professionals primarily use AI for talent acquisition, particularly through advanced applicant tracking systems that manage job postings and résumé screening. However, industry experts emphasize that AI's capabilities are currently limited to initial recruitment stages and data-heavy tasks. The technology's limitations become particularly apparent in hiring for complex roles. While AI excels at keyword matching and processing large volumes of applications, it lacks the nuanced judgment needed to evaluate soft skills, emotional intelligence, and cultural fit. There are also concerns about algorithmic bias, as AI systems can perpetuate historical biases present in training data.